Y Intercept Hong Kong Ltd Invests $2.78 Million in Zillow Group, Inc. (NASDAQ:Z)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Zillow Group, Inc. (NASDAQ:Z) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 37,468 shares of the financial services provider’s stock, valued at approximately $2,775,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. raised its stake in shares of Zillow Group by 66.3% in the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 313 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Zillow Group in the third quarter valued at approximately $74,000. Mirae Asset Global Investments Co. Ltd. raised its position in Zillow Group by 86.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 579 shares during the last quarter. Rosenberg Matthew Hamilton raised its position in Zillow Group by 17.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 245 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. acquired a new position in Zillow Group during the 3rd quarter worth $128,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Zillow Group Stock Performance

NASDAQ:Z opened at $75.15 on Tuesday. The stock has a 50-day simple moving average of $78.26 and a 200 day simple moving average of $70.12. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $89.39. The company has a market cap of $18.23 billion, a PE ratio of -159.89, a PEG ratio of 9.24 and a beta of 2.03.

Zillow Group (NASDAQ:Z) last announced its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. On average, research analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on Z shares. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Morgan Stanley upped their target price on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Finally, Baird R W upgraded Zillow Group to a “hold” rating in a research report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $82.00.

Insider Transactions at Zillow Group

In other news, COO Jun Choo sold 1,277 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $99,248.44. Following the transaction, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at $6,750,215.16. This represents a 1.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dan Spaulding sold 4,565 shares of Zillow Group stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $86.22, for a total transaction of $393,594.30. Following the sale, the insider now directly owns 58,217 shares of the company’s stock, valued at $5,019,469.74. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,838 shares of company stock worth $4,617,389 in the last ninety days. Insiders own 23.76% of the company’s stock.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.